Your MYOB software isn't specifically designed to track the buying and selling of shares, but it's flexible enough to be customised for this purpose. We'll step you through one method you can use to ...
Updated 9 years ago
Version 1.0
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Thanks DuncanS / SupportNoteGuy Suja_P
I haven't sold any shares, so as expected, there is no amount showing in the "Loss On Share Sales" expense account. This being so, what's confusing me is why the Proft & Loss [Cash] report is showing a loss on share sales.
All banks accounts are reconciled monthly.
Using "Spend Money" from your Share Trading Account with the debit to the individual share bought sounds like a simpler method; nevertheless, I have implemented the method described in the tutorial and am now stuck with it.
My accountant receives information directly from my financial advisor, so I'm sure he'll work it out for himself and not be fazed by the fact that MYOB thinks my company has made a massive loss due to the purchase of some shares.
I'd just like to know why, having followed the tutorial to the letter as far as I'm aware, I am seeing that apparently erroneous figure as the bottom line result in the Proft & Loss [Cash] report.